The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1887-08-27

ably associated with public credit BY those
who seek for the safety of their Investments.
respectfully recommend the settlement
proposed, and that an amendment TO the
constitution carrying it out be submitted to
The results predicted have been realized,
Litigation ceased, confidence was restored at
home and abroad, creditors accepted the
settlement, our eonsols were lated on the
Exchanges of New York and London at the
reduced rate Of interest, and tho credit Of
the State steadily enhanced until the open
ing OF this campaign, when the bonds were
quoted az high as % cents in New York,
THE FISCAL AVFAIRs on TIM STATE
were placed with two OF the strongest banks
In New Orleans. II values have Feceded the
explanation must be sought In the senseless
agitation Of the debt question BY the oppo-
nents Of Gov. MeEneTy in their search for
political capital.
For 1877 and 1878, on an assessment Of say
Sl7T, 600, 600, there was collected abont 68B
per cent Of the taxes,
In 1885 and 1895 on an assessment OF say
S2l8, 900 0G0 there is being collected over 30
per cent Of the tax, and ~ tWo-thirds Of the
parishes of the State collections exceed 30
per cent of the corrected rolls.
The percentage Of collections Of isst years.
tax, which became enforceable December 81,
paid into the State treasury during the first
four months OF 1887 was greater than the
total percentage OF the tax OF 1871 or 1873
collected during the three succeeding yeafa,
FuH ASSESSMENT
for the year 1885 was e2l7,0O0000 and that
fer 1887 will from present reports, reaen
S919, 600 600,
In yindieation Of the opinion that large
amount Of capital would seek Investment and
immigration come, we may point TO the sales
of over 100000 acres oil public lands and
large sales Of private lands at enhanced
values, and to the commencement of imml7
grafton to various sections OF Louisiana,
For many years the practice OF LED 6latures
making appropriations IN excess Of the posi-
bic revenues has been the chief cause OF dis
ordered finances. Gov, MeEnery earnestly
sought TO impress upon each General Assem-
bly the necessity OF confning all appropria-
tions to the receipts, and finally, In 1856 by
his representation and by the announcement
that lie would veto all bills IN excess Of prob
able revenue, the creation OF floating debt
All warrants for the constitutional officers
and general expenses OF the State govern
mant are 49,, a,s,,
for the year 1887 as issued, and SO healthful
was the condition of the general fund for this
wear that no difficulty was experienced IN
arranging for cash advances Of 15 per cent
on the warrants OF public institutions,
The warrants of these institutions from
January /, 1887, arc no longer sold on tho
market, aud cannot be bought Vt ninety i've
cents on the dollar,
Gov McEnery's friends do not claim
that all Of the improvements and progress
made In this State during the past SIX years
Is due solely to him or lis administration,
His friends claim that he has been an earn.
nest, energetic, practical worker IN behalf qi
the Agricultural industrial and financial In
Lerests Of the State, with bold broad and
eomprehensIye views aud plans touching
every material question affecting the people
and has thus promoted the public welfare,
He has been
UEREMITFIHG M MS DEVOTION 10 THE
DUTIES on MS OFFICE,
and when the laws were silent or inadequate
to the necessities Of his people, he has been
ready, not only with proper remedies, hu'
has insistently Impressed his Views upon thf
Legislature and public opinion until relief ha'
been found.
Hisilfe and his services are before the pub
lie for calm and thoughtful investigation q
| discussion.
MS hopes, ambitions and affections are in
seperablY linked with the progress and deYel
opmant Of bis State, and the supremacy q
the Democratic party,
His friends feel that he has Won the right 2
a calm and Impartial examination Of hil
record with the claims OF other deserving
/ Democrats, and disclaim the elightest destF
upon their part, or his, to detraet from thu
merits or services Of any other citlzea Of th'
| State.